I got out of this one today after the announcement. I figure 1/10 of my investment is better than 0. The company was forced to sell a valuable asset at a price just enough to cover its short term debts. I don't want to stick around and see whether this was an honest, albeit desperate sale, or if investors are being swindled by some very shrewd corporate suits.
The question that I cannot answer, and hence the reason for me walking away is "What reasons are there for the S/P to recover to the recent value of >15c? How long would I have to wait even if this was a possibility?".
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Last
1.1¢ |
Change
-0.001(8.33%) |
Mkt cap ! $17.92M |
Open | High | Low | Value | Volume |
1.1¢ | 1.1¢ | 1.1¢ | $11.94K | 1.086M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.3¢ | 400000 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1000000 | 0.011 |
2 | 1100000 | 0.010 |
3 | 1091911 | 0.009 |
3 | 1062620 | 0.008 |
5 | 975102 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.013 | 400000 | 2 |
0.014 | 343874 | 3 |
0.015 | 928798 | 4 |
0.016 | 700000 | 1 |
0.018 | 956311 | 2 |
Last trade - 13.26pm 19/07/2024 (20 minute delay) ? |
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